Portland USDA Loans

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Portland's 73 lenders originated 337 USDA loans during 2021. The total origination value was $125,495,000, with an average USDA loan value of $372,389.

    Portland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Portland averaged 5.07% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.26% and one month ago for the week of 2022-04-15, the average rate was 4.86%.

    The average rate one year ago was 3.1%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.12%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Portland USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Portland level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    GUILD MORTGAGE COMPANY 32 2.57% $10,478
    CALIBER HOME LOANS, INC. 21 2.66% $9,357
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 3.12% $8,164
    ACADEMY MORTGAGE CORPORATION 18 3.17% $8,836
    PACIFIC RESIDENTIAL MORTGAGE, LLC 15 2.94% $9,611
    FINANCE OF AMERICA MORTGAGE LLC 12 2.86% $9,265
    MANN FINANCIAL INC. 11 2.86% $11,693
    DIRECTORS MORTGAGE, INC. 10 2.76% $8,993
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 8 3.25% $9,977
    Hometown Lenders, Inc. 7 2.75% $9,804
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.66% $7,615
    UNITED WHOLESALE MORTGAGE, LLC 6 2.72% $8,280
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.96% $9,375
    Sierra Pacific Mortgage Company, Inc. 6 2.77% $6,926
    Loan Simple, Inc. 5 3.03% $8,355
    CHURCHILL MORTGAGE CORPORATION 5 2.83% $8,157
    Flagstar Bank, FSB 5 2.58% $8,706
    LOANDEPOT.COM, LLC 5 2.83% $9,323
    LPMC, LLC 5 2.93% $6,945
    NATIONS DIRECT MORTGAGE, LLC 5 2.60% $7,393
    Umpqua Bank 5 2.73% $7,775
    Commerce Home Mortgage, Inc. 4 2.72% $9,606
    HOME POINT FINANCIAL CORPORATION 4 2.75% $7,864
    CROSSCOUNTRY MORTGAGE, LLC 4 2.87% $8,704
    DHI MORTGAGE COMPANY, LTD. 4 2.66% $6,822
    PLAZA HOME MORTGAGE, INC. 4 2.72% $8,541
    PANORAMA MORTGAGE GROUP, LLC 3 3.17% $8,502
    Willamette Valley Bank 3 2.79% $8,891
    CANOPY MORTGAGE, LLC 3 2.88% $9,055
    MOVEMENT MORTGAGE, LLC 3 2.42% $8,744
    CMG MORTGAGE, INC. 3 2.50% $11,430
    AXIA FINANCIAL, LLC 3 2.79% $10,136
    CHERRY CREEK MORTGAGE, LLC 3 3.04% $7,652
    S1L, Inc. 3 3.25% $8,235
    MID AMERICA MORTGAGE, INC. 2 2.63% $3,178
    PENNYMAC LOAN SERVICES, LLC 2 2.88% $6,127
    HOMEAMERICAN MORTGAGE CORPORATION 2 2.25% $4,713
    LENDUS, LLC 2 2.75% $8,354
    BAY EQUITY LLC 2 2.75% $8,960
    SUMMIT MORTGAGE CORPORATION 2 3.06% $8,965
    CORNERSTONE HOME LENDING, INC. 2 2.94% $6,150
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.50% $9,234
    U.S. Bank 1 2.75% $7,351
    Nations Lending Corporation 1 2.50% $6,848
    NEWREZ LLC 1 2.99% $7,044
    AMERICAN FINANCING CORPORATION 1 2.63% $0
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $10,001
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $8,108
    RANLIFE, INC. 1 3.75% $8,352
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.63% $7,093
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.38% $9,397
    SOUTHWEST FUNDING, LP 1 3.25% $9,317
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.13% $8,821
    Summit Mortgage Corporation 1 2.37% $11,313
    Citizens Bank 1 2.50% $7,484
    EAGLE HOME MORTGAGE, LLC 1 3.00% $8,081
    Equity Prime Mortgage LLC 1 2.25% $0
    Evolve Bank & Trust 1 2.75% $5,290
    Century Mortgage Company DBA Century Lending Company 1 2.75% $6,458
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $7,541
    First Guaranty Mortgage Corporation 1 2.25% $5,998
    SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $8,295
    Gateway First Bank 1 2.50% $4,600
    GENEVA FINANCIAL, LLC 1 2.75% $9,394
    GUARANTEED RATE, INC. 1 2.88% $11,982
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.38% $10,134
    BROKER SOLUTIONS, INC. 1 2.75% $7,402
    HOME MORTGAGE ALLIANCE, LLC 1 3.25% $5,990
    HomeStreet Bank 1 3.13% $6,342
    INROADS 1 2.88% $9,919
    Bank of England 1 3.13% $10,398
    AMERICAN FINANCIAL NETWORK, INC. 1 2.38% $16,117
    MICHIGAN MUTUAL, INC. 1 3.63% $9,780

    The top Portland USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 32 USDA loans originated. Their average total fees are $10,478, which is $1,121 higher than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Portland USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,164), ACADEMY MORTGAGE CORPORATION ($8,836), DIRECTORS MORTGAGE, INC. ($8,993), FINANCE OF AMERICA MORTGAGE LLC ($9,265) and CALIBER HOME LOANS, INC. ($9,357).

    The lowest rate Portland USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (2.57%), CALIBER HOME LOANS, INC. (2.66%), DIRECTORS MORTGAGE, INC. (2.76%), MANN FINANCIAL INC. (2.86%) and FINANCE OF AMERICA MORTGAGE LLC (2.86%).